Stanton, TX's Data
About Stanton, TX's
Stanton, Texas, is a small city located in Martin County, where it serves as the county seat. The city is situated in the western part of the state, approximately midway between Midland and Big Spring on Interstate 20. Founded in the 1880s, Stanton was originally named 'Grelton' but was renamed in 1890 in honor of Edwin M. Stanton, Secretary of War under President Lincoln. The city's history is deeply intertwined with the ranching and oil industries that have shaped the region.
Things To Do in Stanton, TX
Hike: Here are a couple of local trails to check out!
Local Attractions in Stanton, TX
Martin County Historical Museum - Offers exhibits on local history, including ranching and oil.
Carmelite Monastery - A place for spiritual retreat and reflection.
Old Sorehead Trade Days - A bi-annual event featuring crafts, antiques, and food.
Stanton City Park - A recreational area with facilities for sports and family gatherings.
Annual Rattlesnake Roundup - A unique event drawing visitors for snake-themed activities and educational displays.
The Economy of Stanton, TX
The economy of Stanton is primarily driven by the oil and gas industry, which is a major economic force in the Permian Basin area. Agriculture also plays a significant role, with local farms contributing to both crop and livestock production. In recent years, Stanton has seen growth in its retail and service sectors, providing additional employment opportunities and supporting the local economy.
Stanton, TX Inflation
Understanding the BLS and Inflation in Stanton, TX
The Bureau of Labor Statistics (BLS) is a government agency that collects and analyzes economic data across the U.S., including cities like Stanton, TX. One of its key responsibilities is tracking inflation through the Consumer Price Index (CPI), which measures how the cost of everyday goods and services changes over time. Inflation can impact everything from housing prices to the cost of groceries, gas, and utilities across the area. By tracking inflation, the BLS helps people from Stanton, TX understand how their purchasing power is affected and provides insights for businesses and policymakers.
What This Graph Represents
This graph shows inflation trends in Stanton, TX using the CPI, highlighting how prices have changed over time. The x-axis represents time (months and years), while the y-axis represents price levels. If the graph moves upward, it means the cost of living is rising, which can affect everything from rent to gas prices. A flatter or downward trend suggests that inflation is stabilizing or decreasing. Keeping an eye on inflation is important for people from Stanton, TX when budgeting for housing, wages, and daily expenses. You can hover over the graph to see exact values for each month and check the "Most Recently Updated" label to ensure you’re viewing the latest available data.
Company Recall Data in Stanton, TX
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